Nationality American Name Todd Ricketts | Parents Joe Ricketts | |
Education Loyola University,
University of Chicago Booth School of Business Occupation Chicago Cubs,
Ending Spending PAC,
Higher Gear Bike Shops Similar People Joe Ricketts, Laura Ricketts, Pete Ricketts | ||
Undercover Boss - Chicago Cubs S2 EP7 (U.S. TV Series)
Todd M. Ricketts (born September 23, 1969) is an American businessman who sits on the board of directors of the Chicago Cubs and TD Ameritrade. On November 30, 2016, Ricketts was nominated by President-Elect Donald Trump to be United States Deputy Secretary of Commerce. On April 19, 2017, Ricketts withdrew his nomination from consideration citing the inability to untangle his financial holdings to the satisfaction of the Office of Government Ethics.
Contents
- Undercover Boss Chicago Cubs S2 EP7 US TV Series
- Early life and education
- Career
- Political activity
- Nomination as Deputy Secretary of Commerce
- Philanthropy
- Undercover Boss
- Personal life
- Awards and honors
- References
Early life and education
Todd Ricketts is the son of Marlene Margaret (née Volkmer) and Ameritrade founder and billionaire Joe Ricketts. Forbes' estimate of the Ricketts' family wealth ($1 billion), consolidated under J. Joseph Ricketts name, placed them at No. 371 on the Forbes 400 list. Ricketts is also brother of Pete Ricketts, current Governor of the U.S. state of Nebraska.
Ricketts earned a bachelor of arts in economics at Loyola University Chicago in 1994 and later attended the University of Chicago's Booth School of Business. Ricketts left Booth before finishing his MBA requirements to work as a trader at a New York-based startup, Knight Securities.
Career
Ricketts worked for securities and investment banking firm Incapital and for the financial services firm Knight Securities. He also worked for Ameritrade in business development, and he is on the board of directors of TD Ameritrade Holding Corporation (NASDAQ: AMTD).
Ricketts is also on the board of directors of the Chicago Cubs. In April 2007, Sam Zell announced his intention to acquire the Chicago-based Tribune Company. After acquiring the Tribune, Zell announced that he would sell the Cubs and related entities including Wrigley Field and a 25% share of SportsNet Chicago. The Ricketts family bid was selected as the winning bid on January 22, 2009. The family bid included all four siblings (Peter, Tom, Laura, and Todd) and both parents. Forbes estimated that the ownership stake in the Chicago Cubs represents $642 million out of the total $900 million bid.
Ricketts is an owner of Napolita Pizzeria in Wilmette, Illinois and Higher Gear Bike Shops in Wilmette, Illinois and Highland Park, Illinois and a member of the board of directors of World Bicycle Relief.
Since 2013, Ricketts has been a member of the board of directors and CEO of a non-profit small government advocacy group called Ending Spending Inc. Ending Spending was founded by Joe Ricketts in 2010 to advocate against congressional earmarks.
Political activity
Ricketts was an influential fundraiser and donor during the 2016 US presidential election, supporting Wisconsin governor Scott Walker during the Republican Party primaries. He was named co-chair of Walker's fundraising drive in May 2015.
Ricketts manages the conservative political operations for the Republican wing of the Ricketts family. After Walker bowed out of the race in September 2015, the Ricketts family donated $5.5 million to Our Principles PAC, a super PAC opposing the candidacy of Donald Trump. Once Trump became the presumptive nominee of the Republican Party, Ricketts reversed his stance, throwing his support to Trump. In May 2016, Ricketts was chosen as an at-large member of the Illinois delegation to the Republican National Convention. During the tail end of the general election, Ricketts participated in fundraisers in Chicago for Trump's candidacy and helped to raise money for the pro-Trump super PACs 45 Committee and Future 45, raising over $66 million.
Nomination as Deputy Secretary of Commerce
On November 24, 2016, reports surfaced that President-elect Donald Trump would appoint Ricketts as Deputy Secretary of Commerce. On November 30, 2016, Trump officially announced the nomination of Ricketts as Deputy Secretary of Commerce.
On April 19, 2017, Ricketts withdrew his nomination from consideration citing the inability to untangle his financial holdings to the satisfaction of the Office of Government Ethics.
Philanthropy
Ricketts is vice chairman of The National WWII Museum in New Orleans, and is on the board of Opportunity Education Foundation. He is a Regent at Loyola University Chicago. He is also active with The Churchill Centre.
Undercover Boss
On November 7, 2010, Ricketts appeared on the reality television series Undercover Boss, going incognito as an entry-level employee at Wrigley Field. His brother Tom was also considered for the part, but the Cubs chose Todd as Tom was considered too recognizable. Ricketts grew out his beard and wore fake glasses, assuming his alias — unemployed roofer "Mark Dawson". From August 30 to September 8, during a nine-game Cubs' homestand, Ricketts worked a number of jobs at the ballpark, selling hot dogs, operating the scoreboard, picking up trash, and cleaning toilets. He was fired from his maintenance job during the episode.
Personal life
Ricketts is married to French-Canadian Sylvie Légère. His siblings are Nebraska Governor Pete Ricketts, Lambda Legal board member Laura Ricketts, and Incapital CEO Thomas S. Ricketts.